Key Insights
- Despite Bitcoin’s decline, Cardano’s price remains stable, holding critical support levels.
- Charles Hoskinson’s challenge to hackers resulted in no breaches of the Lace Paper Wallet’s security.
- Daedalus 7.1.0 includes bug fixes and security updates, with users excited for an Android version.
In the latest Cardano news, the ADA crypto is still strong after sustaining the bearish February. At press time, the token boasted a market cap of $22.52 Billion. It accounted for 0.80% of the sector’s dominance, placing it 9th among the top 10 crypto projects.
Despite downward pressure from dominating assets such as Bitcoin, Cardano price has demonstrated exceptional resiliency. It frequently does its utmost to resist alarming market trends.
The optimistic effect of the ADA was countered by geopolitical news of trade tariffs, even in January 2025. This occurred the day after the debut of the Plomin hard fork. Even if Bitcoin’s value began to decrease in February, the entire market stopped.
By the end of the month, Bitcoin had fallen to $78,200, breaking through the crucial support level of $90,000. This decline hit many lower-ranked altcoins hard, particularly those outside the top 10.
In contrast, the Cardano price held its critical support zone. As March unfolds, the Cardano news includes an exciting update: the Light Wallet Lace has integrated Daedalus. This was announced on February 28 from the official Lace account on X, “Daedalus 7.1.0 is here.”
This new version has various improvements, notably in security and bug fixes. The modifications are intended to reduce denial of service (DoS) concerns that may arise following the Plomin hard fork.
Latest Cardano News Features A New Update To AVoid DoS Risks
In the previous Cardano news, Charles Hoskinson expressed strong confidence in the Lace wallet. It has seen significant advancements in line with its development roadmap.
Previously, the wallet has also demonstrated robust resistance to hacks and technical failures, with tests confirming its security. In the previous test seven months ago, Hoskinson issued a bold challenge to hackers.
He offered a $1 Million bounty for anyone who could breach the security of the PGP-encrypted paper wallet. As the challenge concluded, no one succeeded in finding a way to compromise the security of the Lace Paper Wallet.
This marked a notable achievement for the ADA crypto network and the broader blockchain community. Cardano continues to excite the community, not simply by pushing toward greater decentralization. However, it also improved the security of its wallet.
In the latest Cardano news, it rolled out a 7.1.0 Daedalus update. It is designed to download and validate the entire Cardano blockchain. This update aims to provide maximum security, although it requires substantial resources.
Integrating security updates and bug fixes into the protocol underscores ADA’s commitment to strengthening its infrastructure. Specifically, the security enhancements in Daedalus 7.1.0 protect both users and developers by updating the cardano-node and cardano-wallet.
It does that by helping the network mitigate potential denial of service (DoS) risks that may arise after the Plomin hard fork. Alongside security improvements, the new upgrade includes essential bug fixes. These are CIP-129 DRep ID support and a dynamic library fix for macOS 10.15.
Community Members See This Update Optimistically
On its official post, comments dropped that was optimistic, where users of the X platform are excited about these additional features, with many eagerly anticipating a compatible Android version.
One user on X noted that Daedalus 7.1.0 exemplifies the Cardano community’s dedication to enhancing security and usability. They described the recent upgrades of ADA crypto as a strategic move to an “awesome upgrade.”
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
